Tether faces US market hurdles vs. Circle's USDC; liquidity & distribution key. USDC leads DeFi share at 58%.
Dow & S&P 500 hit records on US-China trade optimism & Mag 7 gains. TikTok deal framework boosts sentiment.
Fed poised for rate cut! Mortgage rates drop to 6.35%, boosting housing demand. 10-yr Treasury yields down 77bps.
US sanctions 2 Iranian financiers & 14 entities for $100M crypto oil sales; Iran's illicit crypto use hits $15.8B.
Associated Press Finance
12m ago
US mulls auto parts tariffs on security grounds; industry fears 25% hikes & uncertainty.
Fed eyes 0.25% cut amid conflicting inflation/jobs data. Trump pressures for more. Markets await guidance.
US factory output up 0.2% in Aug, beating forecasts. Auto production rebounds 2.6%, but tariffs loom. Capacity utilization steady at 77.4%.

7 months ago
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